Afterpay Plus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Some buy now, pay later platforms are testing out a new model: subscription plans. For $5.99 a month, Afterpay Plus users get a digital card they can use in…

Subscription offers are everywhere these days. But can they work when paying later is the whole point?

More Australians will have access to financial counselling under a new federal government and industry-funded model. 30 million dollars will be invested in face-to-face and telephone counselling over a three-year-period, with backing from big banks, the gambling industry and buy now, pay later companies. Amid rising cost of living pressures and financial hardship for many Australians, questions remain over whether these industries are preventing or contributing to further harm.

Consumer advocates say Afterpay’s new subscription product could lure Australians into more debt, but the company says it offers a safer alternative to credit cards.